Tuesday, 11 November 2014

No Immediate Privatisation for Air India

Privatisation of India’s national carrier Air India will not happen immediately, but cannot be ruled out in future and there have been suggestions from various quarters in this regard, said Civil Aviation Minister Ashok Gajapathi Raju.

The minister also said Airports Authority of India (AAI) and Pawan Hans will be listed on the stock exchanges to improve transparency and efficiency. He said that an expert committee will be constituted to develop the future roadmap for Air India.

AAI has entered into Joint Ventures at Mumbai, Delhi, Hyderabad, Bengaluru and Nagpur Airports to upgrade them.

AAI also provides Air Traffic Management Services over entire Indian Air Space and adjoining oceanic areas with ground installations at airports and other locations.

Pawan Hans Ltd was incorporated in 1985 and presently its shareholding comprises 51 per cent with the Government of India and 49 per cent with state-run ONGC.

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